14
May
May
TRUMP SECURES BILLION-DOLLAR DEALS IN QATAR, ATTENDS STATE DINNER
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CapitalTimesNews / 2 months
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- 2 min read
US President Donald Trump has secured significant deals with Qatar, including a record-breaking $96 billion order for Boeing jets. The agreement was announced during Trump’s visit to Doha, where he met with Qatari Emir Tamim bin Hamad Al Thani. The two leaders also signed a defense agreement that could be worth tens of billions of dollars. According to the White House, the economic deals between the US and Qatar are valued at $243.5 billion, with a larger cooperation framework expected to generate over $1.2 trillion in economic exchanges. “I think after signing these documents, we are going to another level of relationship between Qatar and the United States,” Emir Al Thani said. Trump praised the Qatari leader, saying their meeting was “very good.” The President also met Syrian President Ahmed al-Sharaa in Riyadh, urging him to normalize relations with Israel. Trump described al-Sharaa as an “attractive guy, tough guy.” The US and Qatar have agreed on a statement of intent on defense cooperation. Trump said he wants to make a deal with Iran and discussed the possibility of attending talks between Ukraine and Russia in Turkey. Meanwhile, Syrians celebrated after Trump announced plans to lift all sanctions against the country. Lauren, general manager of the Al Mamluka Hotel Group in Damascus, said, “The celebrations filled the street… it was fantastic the atmosphere here.” Abdulhai, owner of the Dar Halabia Hotel in Aleppo, welcomed the news but stressed that Syrians still need to wait until the sanctions are fully lifted. Trump’s visit to Qatar is part of a four-day tour of Gulf countries. He will also visit the UAE on Friday, where he is expected to discuss a previously agreed $1.4 trillion strategic and investment partnership. Mukesh Ambani, Asia’s richest man and chairman of Reliance Industries, attended the state dinner hosted by the Emir of Qatar for Trump. Ambani has business ties with Qatar, including a $1 billion investment in his retail venture by Qatar Investment Authority. The Trump administration has announced significant investment commitments from Saudi Arabia, including a $600 billion commitment to invest in the US. However, details of the deal remain scant, with the White House publishing a document listing individual deals worth $282.2 billion.
